World News
BUNKER PRICES: G20-VLSFO Index Drops to Six-Week Low
Bunker fuel prices declined at most ports on Wednesday, with global VLSFO prices dropping for a seventh consecutive session to the lowest level in almost six weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $9/mt to $641.50/mt on Wednesday, reaching the lowest point since January 11. The G20-HSFO Index slipped by $3.50/mt to $456.50/mt, while the G20-MGO Index declined by $7/mt to $925.50/mt.
ICE Brent crude futures lost $2.45bl to $80.60/bl on Wednesday.
VLSFO prices at the top ports had a negatve trend. At Singapore prices fell by $15/mt to $604.50/mt, at Rotterdam they slipped by $11.50/mt to $563/mt, at Fujairah they dropped by $7.50/mt to $607.50/mt and at Houston they declined by $8.50/mt to $619/mt.
On Thursday morning Brent futures were trading up by $0.66/bl at $81.26/bl as of 8:47 AM in London. In metric tonner terms that would amount to a $4.97/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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